The pair Chainlink/Tether (LINK/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 10.26 is considered certain.
Caution: A possible trend reversal in the direction of support at 9.88 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11 |
| 2nd High | 10.84 |
| Next High | 10.26 |
| Current Price | 10.050000000 |
| Next Low | 9.88 |
| 2nd Low | 9.32 |
| 3rd Low | 9.09 |
10.26 – 9.85 – 9.82 – 9.88 – 9.32 – 9.09 —
10.030000000 – 10.030000000 —
50.590238998424 – 54.984716636436 —
– —
10.26 – 1778065200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –